Supported Regions
Encrypto is focused on emerging markets where crypto-native finance solves real problems — currency instability, banking exclusion, and expensive cross-border payments.
Current Markets
| Region | Card Issuance | Wallet | Bank Off-Ramp | Payment Rail |
|---|---|---|---|---|
| United States | Yes | Yes | ACH | USD |
| Brazil | Rolling out | Yes | PIX | BRL |
| Mexico | Rolling out | Yes | SPEI | MXN |
| Argentina | Rolling out | Yes | CVU (rolling out) | ARS |
| Colombia | Rolling out | Yes | Coming soon | COP |
| Europe | Evaluating | Yes | — | — |
Supported Currencies
Encrypto supports the following fiat currencies for on-ramp and off-ramp:
| Currency | Code | Rails |
|---|---|---|
| US Dollar | USD | ACH |
| Brazilian Real | BRL | PIX |
| Mexican Peso | MXN | SPEI |
| Argentine Peso | ARS | CVU (rolling out) |
Stablecoin support: USDC, USDT, DAI, PYUSD, EURC
Why Emerging Markets
Latin America
Latin America has the highest crypto adoption rates relative to GDP in the world. The region has a combination of factors that make crypto-native banking not just attractive, but necessary:
- Currency instability. Multiple LATAM currencies have experienced 30-100%+ inflation in recent years. USDC offers dollar-denominated stability without requiring a US bank account.
- Banking exclusion. Hundreds of millions of people across the region are unbanked or underbanked. Traditional banking infrastructure requires physical branches, minimum balances, and lengthy onboarding.
- Remittance corridors. Cross-border payments between LATAM countries and the US are a massive market with high fees (5-8% average). Crypto rails reduce this dramatically.
- Mobile-first population. Smartphone penetration is high. Users are already comfortable with digital-first financial products (PIX in Brazil, Mercado Pago in Argentina).
Payment Infrastructure Providers
| Provider | Coverage | Status |
|---|---|---|
| Bridge | USD ACH, card issuance | Live |
| Koywe | 7 LATAM countries | Sandbox (production pending) |
| Orda | Brazil PIX | Live |
| LocalPayment | 17 LATAM countries | Backend built, credentials pending |
We are evaluating additional markets based on regulatory frameworks and partner availability.
Expansion Approach
We're not trying to be everywhere at once. Encrypto expands selectively into markets where we can provide full product coverage:
- Card issuance — Requires licensed card issuing partner in the jurisdiction
- Bank connectivity — Requires local payment rail integration (ACH, PIX, SPEI, etc.)
- Local currency off-ramp — Users need to be able to convert to and from their local currency
- Regulatory compliance — KYC/AML requirements vary by jurisdiction
The multi-chain wallet is available globally — you just need an internet connection and a supported social login. Card issuance and bank connectivity roll out market by market.
Regulatory Approach
Encrypto works with licensed banking and payments partners in each jurisdiction. We don't hold customer funds or operate as a bank. Our role is the technology layer — the wallet infrastructure, liquidity engine, and user interface. Banking and card issuance are handled by regulated partners.
This structure lets us expand efficiently while maintaining full compliance in every market we operate in.